The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid significant demand for the short-term IOUs.
The auction was three times oversubscribed, attracting P44.8 billion in total tenders.
With its decision, the BTr raised the full program of P15 billion for the auction.
The 91-, 182- and 364-day securities fetched average rates of 5.888 percent, 6.002 percent and 6.08 percent, respectively.
In comparison, the Bloomberg Valuation Service rates were 5.866 percent for the three-month tenor, 5.98 percent for the six-month tenor and 6.034 percent for the one-year tenor.
Meanwhile, the BTr is set to auction 20-year treasury bonds today. The offering will have a programmed volume of P30 billion.
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